First phase of re rates always wakes up the market.
This one is a little different - A.I is a new industry with an unknown business cycle and driven at 0.25x sales by a bunch of lazy losers.
Rerate to 1x revenue is bottom end of lower valuation.
The Journey of Appen’s Stock Price and Business Operations Through Recent Years, page-319
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Last
$2.18 |
Change
0.130(6.34%) |
Mkt cap ! $551.3M | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.23 | $2.07 | $20.91M | 9.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 87615 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 17380 | 6 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |